You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Apprentice slots open with union
    Plumbers & Steamfitters Local 166 will host an “Industry Advancement and Apprenticeship Promotion” event from today through Friday at the union's offices, 2930 W. Ludwig Road.
  • Non-bank ATM fees jump
    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.
  • Non-bank ATM fees jump
    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.The average fee for using an out-of-network ATM climbed to a new high of $4.
Advertisement
File | The Journal Gazette
Tower Financial Corp. building

Old National is buying Tower Financial

The largest Indiana-based bank announced today it is acquiring Tower Financial Corp., the largest independent bank headquartered in Fort Wayne, for an estimated $107.7 million.

Old National Bancorp will pay Tower shareholders 1.2 shares of Old National stock and $6.75 cash for each share of Tower Financial common stock. The estimated total value of the deal is based on the Sept. 5 closing price of Old National's shares.

The transaction is expected to close before March 31.

For more on this story, see Wednesday's print edition of The Journal Gazette or go to www.journalgazette.net after 3 a.m. Wednesday.

sslater@jg.net

Advertisement